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28 Oct 2016 16:20
For Immediate Release | 28 October 2016 |
ScS Group plc
("ScS" or the "Company")
Director/PDMR Shareholding
ScS, one of the UK's largest retailers of upholstered furniture and floorings, has been notified that on 28 October 2016, Kevin Royal, Managing Director, transferred 350,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares"), by way of a gift for nil consideration to his wife, Dorothy Susan Royal (the "Transfer").
Following the Transfer, Kevin Royal and persons closely associated with him continue to be interested in 399,309 Ordinary Shares, representing approximately 1.00 per cent. of the issued share capital of the Company.
Enquiries: |
|
Buchanan | Tel: +44 (0)20 7466 5000 |
Richard Oldworth / Jane Glover / Madeleine Seacombe | scs@buchanan.uk.com |
Notes to Editors
ScS is one of the UK's largest retailers of upholstered furniture and floorings, promoting itself as the "Sofa Carpet Specialist" seeking to offer value and choice through a wide range of upholstered furniture and flooring products. The Group's product range is designed to appeal to a broad customer base with a mid-market priced offering and currently trades from 97 stores.
The Company's upholstered furniture business specialises primarily in fabric and leather sofas and chairs. ScS sells a range of branded products which are not sold under registered trademarks (such as the Lotti, the Danni and the Zamba) and a range of branded products which are sold under registered trademarks owned by ScS (such as Endurance and SiSi Italia). The Group also offers a range of third party brands (which include La-Z-Boy, G Plan and Parker Knoll). The Company's flooring business includes carpets, as well as laminate and vinyl flooring.
In 2014 ScS began to operate the furniture and carpet concession ranges for the House of Fraser "For Living" brand. ScS currently operates in 28 House of Fraser stores across the UK.
The notification below is provided in accordance with the requirements of the EU Market Abuse Regulations.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name: Kevin Royal | ||||
2. | Reason for the notification | ||||
a) | Position/Status: Managing Director | ||||
b) | Initial notification/Amendment: Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: ScS Group plc | ||||
b) | LEI: N/A | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a) | Description of the financial instrument, type of instrument: Ordinary shares of 0.1p Identification code: GB00BRF0TJ56 | ||||
b) | Nature of the transaction: Transfer of shares by way of gift | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: N/A | ||||
e) | Date of the transaction: 28 October 2016 | ||||
f) | Place of the transaction: Outside of a trading venue |
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